What Is a ‘Stuck Transaction’ and How Is It Resolved?
A stuck transaction is one that has been broadcast to the network but remains unconfirmed, usually because the user set the gas price or priority fee too low. To resolve it, a user can attempt to 'cancel' the transaction by sending a new transaction with the same nonce but a higher fee, or 'speed up' the transaction by sending the same transaction with a higher fee.
Glossar
Nonce
Function ⎊ A nonce, short for "number only used once," is a crucial component of the block header in Proof-of-Work blockchains.
Stuck Transaction
Status ⎊ Stuck Transaction refers to the state of an unconfirmed cryptocurrency instruction that persists in the network's memory pool because its offered transaction fee is insufficient to compete for immediate block space inclusion.
Gas Price
Mechanism ⎊ Gas price, within cryptocurrency networks, represents the computational effort required to execute a specific operation on the blockchain, directly influencing transaction costs and network congestion.
Priority Fee
Incentive ⎊ The priority fee, often referred to as a tip, is an optional payment included in a transaction to incentivize validators to prioritize its inclusion in the next block.